Welcome to Admiralty Resources
Admiralty Resources NL is a diversified mining company with mineral interests in Australia and Chile and trades on the Australian Securities Exchange under the code ADY (ASX:ADY).
ADY is focused on iron ore in Chile, with the company also having a project in Australia – Pyke Hill Project near Leonora in Western Australia.
Admiralty’s flagship projects are the iron ore districts in Chile: Harper South (2,498 Ha), Pampa Tololo (3,455 Ha) and El Cojin (600 Ha). The districts are located in prime locations, with close and easy access to the Pan-American Highway (a major route), a railway and power line and operating shipping ports.
Admiralty’s project in Australia is the Pyke Hill Project, a cobalt and nickel project in Western Australia, whose mining lease is 50% owned by Admiralty.
Admiralty in Chile
Admiralty is advancing its flagship Mariposa Iron Ore Project in Chile towards production, targeting first production in 2024, with a view to increasing production capacity from 2025.
The Mariposa project contains Inferred Mineral Resources of 59.74 Mt, with Measured Mineral Resources of 6.65 Mt, Indicated Mineral Resources of 39.16 Mt and total Mineral Resources of 105.6 Mt (cut-off grade 15% TFe) – a JORC 2012 compliant resource, see ASX announcement on 4 October 2023.
The Mariposa project has favourable access to infrastructure, including being located just 6km from the railway line, 70km from port and 25km from the town of Vallenar, with access to road infrastructure and a high voltage power line.
In April 2018, ADY received unanimous approval of the DIA for the Mariposa Project by the Chilean authorities.
The company received the provincial permit for the surface rights. This provides ADY with the ability to move forward with production.
The Pyke Hill Project in Western Australia comprises a single granted Mining Lease which covers an area of 5.37km2.